UK

The London RMB hub has been under threat from the Brexit vote, but China seems keen not to jump ship yet. The latest round of meetings have yielded a commitment to launching the long-promised London-Shanghai Stock Connect, the UK Treasury said on November 10.

The US Commodity Futures Trading Commission has requested more than $38m in monetary sanctions against UK based trader Navinder Singh Sarao over S&P futures 'spoofing' allegations.

Deutsche Bank and HSBC are co-ordinating the loans for British American Tobacco’s acquisition of a 57.8% stake in Reynolds American.

SG's deputy head of bond syndicate has left the bank.

Shares in Shanks, the UK waste disposal company, closed flat on Thursday after it announced the completion of its £96m rights issue, to partly finance its merger with Dutch recycling group Van Gansewinkel.

BNP Paribas is making some changes in its equity capital markets business, following the departure of Alain Dib in June.

Addressing the nation on television in November 1967, British prime minister Harold Wilson announced the devaluation of the pound and famously declared that "it does not mean that the pound here in Britain, in your pocket, has been devalued."

UK banks will be allowed to use one year call structures to optimise the capital eligibility of their senior bonds, after the Bank of England published new rules governing the minimum requirement for own funds and eligible liabilities (MREL).

US and European equity investors have reacted with a degree of equanimity to Donald Trump’s capture of the White House, fastening on to the idea that he is likely to stimulate the US economy with deficit spending.

LCH has cleared over $1tr in inflation swaps since the service launched in April last year, and growth has picked up sharply since US margin rules on uncleared derivatives came into force.

Shares in Phoenix Group Holdings, the UK buyer of closed life insurance books, have gained 1.9% since the company announced on Wednesday the successful completion of its £735m rights offer to finance its takeover of Abbey Life.

Donald Trump’s shock US election victory in the early hours of Wednesday caused a shockwave to course through derivative markets overnight. But by midday in London traders said the overall reaction was much more orderly than in the aftermath of the UK vote in June to leave the European Union - and by close of business some markets had made full scale retrenchment.